Payday Loans in Ohio City, Colorado

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No payday loan companies in Ohio City, CO. Consider companies in other cities:

Company nameAddressZip codePhone number
Precision Auto Service, Inc. 1294 W 4th St 2906, Craig, CO 81625 +1 (970) 824 - 8566
U.S. Bank Branch 1130 Bonforte Blvd, Pueblo, CO 81001 +1 (719) 253 - 3937
Premier Cashlink 103 Main St, Central City, CO 80427 +1 (303) 582 - 5630
FirsTier Bank 120 S Wilcox St, Castle Rock, CO 80104 +1 (303) 660 - 4001
Equitable Savings & Loan Association 201 Main Ave, Akron, CO 80720 +1 (970) 345 - 6824
Cash Connection 3597 S Pearl St, Englewood, CO 80110 +1 (720) 272 - 8789
Blackwell Bail Bonds 426 W 10th St, Pueblo, CO 81003 +1 (719) 583 - 9680
First Southwest Bank 600 E 2nd Ave, Durango, CO 81301 +1 (970) 375 - 1100
Brookdale Brighton 2215 E Egbert St, Brighton, CO 80601 +1 (303) 637 - 9500
Walmart Money Center 1835 E Main St, Cortez, CO 81321

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Ohio City, CO, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in Denver, CO, Payday Loan for Englewood, CO, Payday Loans in Fort Collins, CO, Payday Loans in Grand Junction, CO, Online Loans in Greeley, CO, No Credit Check Loans in Littleton, CO, Payday Loans in Longmont, CO and No Credit Check Loans in Loveland, CO. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Ohio City, CO.

Payday Loans Available in Ohio City, CO By The Following ZIP Codes:

81237

Are Payday Loans Legal In Ohio City, Colorado?

Loan Rates and Fees, Laws and Regulations in Colorado.

Colorado Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)214
Maximum Loan Amount$500
Minimum Loan TermNot Specified
Maximum Loan Term6 months (180 days)
Number of Rollovers Allowed1
Finance Charges<$300 = 20$ >$300 = 20$ + 7.5% of any excessive amount

Ohio City, CO payday loan calculator

Understanding Payday Loans in Ohio City, Colorado

Payday loans, also known as cash advances, are short-term loans that are typically due on the borrower’s next payday. These loans are offered to people who need quick cash to cover unexpected expenses or emergencies. Although payday loans can be a helpful option for some, they can also be a risky financial decision.

How Payday Loans Work in Ohio City, Colorado

In the state of Colorado, payday loans are legal and are governed by state law. The maximum loan amount is $500, and lenders are allowed to charge a maximum APR of 36%. Borrowers in Ohio City, Colorado can take out a payday loan for a maximum of six months.

To obtain a payday loan in Ohio City, Colorado, borrowers need to provide certain information to the lender, including:

  • Proof of income and employment
  • A valid state-issued ID or driver’s license
  • Proof of a checking account

The lender will then determine whether the borrower is eligible for a loan and, if approved, will provide the money to the borrower in cash, a check, or a direct deposit to their bank account. The borrower must then repay the loan on or before the due date, which is typically their next payday.

The Risks of Payday Loans

While payday loans can be a helpful tool for people facing unexpected expenses, they can also be a risky financial decision. These loans often come with high fees and interest rates, which can make it difficult for borrowers to repay them on time.

In some cases, borrowers may become trapped in a cycle of debt, taking out new loans to pay off old ones and paying significant fees each time. This can lead to financial hardship and damage the borrower’s credit score.

Interesting Facts and Statistics about Payday Loans in Ohio City, Colorado

  • Approximately 485,000 payday loans were issued in Colorado in 2020.
  • The average loan amount in Colorado is $392.
  • In 2020, Coloradans paid approximately $124 million in fees and interest on payday loans.
  • More than half of payday loan borrowers in Colorado have incomes of less than $30,000 per year.

These statistics underscore the significant impact that payday loans can have on Colorado residents’ finances and the state’s economy as a whole.

Apply Now for a Payday Loan in Ohio City, Colorado

If you are facing unexpected expenses or a financial emergency in Ohio City, Colorado, a payday loan may be a helpful option for you. At TheGuaranteedLoans, we can help connect you with potential lenders who may be able to provide you with the cash you need.

We are a connector service, not a direct lender, which means that we work with a network of trusted lenders to help you find the best loan option for you. To get started, fill out our online application today.

Remember, it’s important to carefully consider the risks and benefits of taking out a payday loan and to ensure that you can repay the loan on time to avoid additional fees and financial hardship.

F.A.Q.

How long do I have to repay a payday loan in Ohio City, Colorado?

in Ohio City, Colorado, payday loans must be repaid within six months, including any fees and interest.

What are the fees associated with payday loans in Ohio City, Colorado?

in Ohio City, Colorado, payday lenders are allowed to charge up to 20% of the loan amount as a finance charge and an additional 7.5% as a verification fee.